Finance

Keynote Programme Session: Finance (new start ups – project finance – new market entrants)

Synopsis

The UK Continental Shelf is at a turning point where over the past 50 years of "traditional" Exploration & Production companies have been investing in the UKCS which has been financed largely from balance sheet sources. A number of these larger companies with strong balance sheets are exiting in toto or are divesting of selected assets. This changing of the guard & relinquishment of significant infrastructure has led to opportunities for new entrants and established mid to small capitalised companies to increase market share. These opportunities don't come for free and require financing from various sectors - traditional reserve based lending, bank financing and the private equity markets and "non traditional" sources.

In addition, the recent, prolonged dip in oil price has also brought balance sheet pressure to established small to mid-cap independent oil companies which have required refinancing arrangements to be established along with an innovative approach to financing projects and investments.

This session is designed to explore the different opportunities have been created, the approaches to solving problems and how these could be used in the future and/or what the future holds as we approach 2020.

Speakers

Espen Kvilekval: Global Head of Oil & Gas, DNB Bank ASA
Scott McGinigal: VP – Business Services CNOOC
Karen Boesen: Finance Director of Total E&P UK
Guy Appleton: Finance & Growth Director – Kellas Midstream


Chair: Paul Williams, UK Business Manager, Premier Oil

Co-Chair: Jim Lenton, MD Integrated Solutions, Worley Parsons

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